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Motion and control technologies company $PH said it has acquired Jager Automobil-Technik GmbH and Jager Automotive Polska Sp. z.o.o. from Arnold Jager Holding GmbH in Germany. Terms of the transaction were not disclosed. The acquired businesses combined have annual sales of about $45MM and they will become part of $PH's Pradifa Technology Division.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.